When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Before the $3.2 billion acquisition of mRNA player Translate Bio Inc (NASDAQ:TBIO) earlier this month, Sanofi SA (NASDAQ:SNY) expressed interest in selling off around…
Translate Bio (NASDAQ:TBIO) reported $72.65 million in sales this quarter. This is a 345.18 percent increase over sales of $16.32 million the same period last year.